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Saturday, December 07, 2013

Pentagon approves $1.1 bln Raytheon missile sale to Saudi Arabia

TOW missilesThe Pentagon has approved the sale of more than 15,000 Raytheon Co anti-tank missiles to Saudi Arabia under two separate deals valued at nearly $1.1 billion.

The Defense Security Cooperation Agency, which oversees foreign military sales, notified Congress on Thursday that it had approved Saudi Arabia's request for nearly 14,000 tube-launched, optically tracked wire-guided (TOW) missiles for its national guard, and more than 1,700 similar missiles for the Royal Saudi Land Forces.

The potential sales were announced during U.S. Defense Secretary Chuck Hagel's current visit to the Gulf, aimed at underscoring the U.S. commitment to Middle East security.

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